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Washington, D.C. Favorite Area For Wealthy Young [Highest Percentage:25-34 Year-Olds @ $100,000]
Reuters ^ | September 16, 2009

Posted on 09/16/2009 8:38:11 PM PDT by Steelfish

Washington, D.C. Favorite Area For Wealthy Young

By Patricia Reaney – Sep 16

NEW YORK (Reuters Life!) – Washington, D.C. has become the favorite area for wealthy young adults, with the nation's highest percentage of 25-34 year-olds making more than $100,000 a year, according to a new analysis.

Sixteen of the top 50 counties in the United States with the highest share of wealthy young people are in the Washington, D.C. area. Loudoun county, which is part of the Washington metropolitan area, has 10 percent, or 10,327 young adults, making more than six figures -- more than San Francisco and New York in terms of percentage of the population.

"In 1990 you had a lot more concentration of this demographic in the heartland and in Texas, likely driven by the oil economy, and some of the agribusiness," Michael Mancini, of The Nielsen Company, said in a statement.

"But now, there is a densification of young money in major metros." he added. Arlington County, in Virginia near Washington, D.C. captured the second spot, followed by San Francisco, Manhattan and Douglas County, which is situated between Denver and Colorado Springs in Colorado.

Just under 16 percent of households in the United States are headed by people aged 25-34 years old, whose median income is $49,754. Slightly more over than 13 percent in that age group earn more than $100,000 a year, according to Nielsen.

The overall national median income is $51,287. Highest incomes usually correlate to the highest earning years which are 45-54.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Culture/Society; News/Current Events; US: District of Columbia; US: Virginia
KEYWORDS: alexandriacity; alexandriava; arlingtonva; generationy; loudouncounty

1 posted on 09/16/2009 8:38:12 PM PDT by Steelfish
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To: Steelfish

Moving paper around desks in DC and writing laws to impose tyranny.


2 posted on 09/16/2009 8:41:21 PM PDT by Frantzie (Do we want ACORN running America's healthcare?)
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To: Steelfish

$100,000 a year is NOT wealth.


3 posted on 09/16/2009 8:41:35 PM PDT by clamper1797 (If Obama were a paid Soviet agent he could not do more damage ... Sen Thomas Jordan)
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To: clamper1797

wealth - wealthy


4 posted on 09/16/2009 8:42:08 PM PDT by clamper1797 (If Obama were a paid Soviet agent he could not do more damage ... Sen Thomas Jordan)
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To: Steelfish

Doing what? Producing what? Shuffling bytes and tweaking pixels?


5 posted on 09/16/2009 8:44:43 PM PDT by lightman (Adjutorium nostrum (+) in nomine Domini.)
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To: Steelfish

What a great economy. Not.


6 posted on 09/16/2009 8:45:55 PM PDT by quesney
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To: Steelfish
That title is very misleading.
Arlington County, in Virginia near Washington, D.C. captured the second spot...
So the title, and the truth, is...
Washington, D.C. Northern Virginia Favorite Area For Wealthy Young
7 posted on 09/16/2009 8:46:13 PM PDT by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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To: Steelfish

“Loudoun has a full-fledged service economy. It is home to world headquarters for several Internet-related and high tech companies, including Verizon Business, Telos Corporation, and Orbital Sciences Corporation.”


8 posted on 09/16/2009 8:48:59 PM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: clamper1797

Especially in DC. You’d probably have to live in a closet with two roommates on $100k.


9 posted on 09/16/2009 8:50:51 PM PDT by perfect_rovian_storm (The worst is behind us. Unfortunately it is really well endowed.)
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To: perfect_rovian_storm

“have to live in a closet...”

the “wealthy” “youngsters” go to DC precisely so they can come “out of the closet” ......and control the “breeders” in flyover country...


10 posted on 09/16/2009 9:03:46 PM PDT by mo
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To: Steelfish

And yet our tax dollars pay for their sidewalks!


11 posted on 09/16/2009 9:07:13 PM PDT by Freddd (Government run health care=paying more and being denied what we already have.)
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To: clamper1797
$100,000 a year is NOT wealth.

To a $30,000 a year journalist, it is. :)

12 posted on 09/16/2009 9:09:35 PM PDT by Mr. Jeeves ("If you cannot pick it up and run with it, you don't really own it." -- Robert Heinlein)
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To: philman_36

Correct - it is Northern VA - not DC.


13 posted on 09/16/2009 9:10:22 PM PDT by sscoots969
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To: philman_36

Go NOVA!


14 posted on 09/16/2009 9:13:13 PM PDT by Seajay (Ordem e Progresso)
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To: Steelfish

Somehow I missed the boat.


15 posted on 09/16/2009 9:15:06 PM PDT by ottbmare (Ein Reich, ein Volk, ein Obama!)
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To: clamper1797
$100,000 a year is NOT wealth.

Maybe not, but it looks good from this angle.

16 posted on 09/16/2009 9:16:33 PM PDT by ottbmare (Ein Reich, ein Volk, ein Obama!)
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To: lightman
"Doing what?" you ask. Here's a a picture I found of these "wealthy" youngsters springing into action, working on you, me and the rest of us FReepers.


17 posted on 09/16/2009 9:21:34 PM PDT by ProtectOurFreedom
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To: Steelfish

And they are all strippers.


18 posted on 09/16/2009 9:29:35 PM PDT by Freedom_Is_Not_Free (Depression Countdown: 50... 49... 48...)
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To: clamper1797

$100,000 is not wealth? It sure as hell is if you are 25 years old!!!


19 posted on 09/16/2009 9:30:28 PM PDT by Freedom_Is_Not_Free (Depression Countdown: 50... 49... 48...)
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To: Freedom_Is_Not_Free

...and single. I wouldn’t sneeze at it and we’re a family of five.


20 posted on 09/16/2009 9:42:43 PM PDT by beaversmom
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To: clamper1797

I’m from Loudoun County, mentioned in the article.

I don’t know what silver spoon you have, but for a single adult, $100,000 most certainly is wealth.


21 posted on 09/16/2009 9:45:07 PM PDT by AnalogReigns
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To: Steelfish

Proud to be one of the jerks that this article is talking about :)

But thats what you get when you work a full time job, went to school at night to get a graduate degree and have a start up business which is finding success :)

*pats himself on the back*


22 posted on 09/16/2009 9:50:54 PM PDT by MadIsh32 (In order to be pro-market, sometimes you must be anti-big business)
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To: MadIsh32

Deservedly so!


23 posted on 09/16/2009 9:53:32 PM PDT by Steelfish
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To: AnalogReigns

You would have to live under a bridge in Silicon Valley on 100K


24 posted on 09/17/2009 3:06:00 AM PDT by clamper1797 (If Obama were a paid Soviet agent he could not do more damage ... Sen Thomas Jordan)
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